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Reclaim Finance asserts that new gas power plants are incompatible with climate goals due to methane emissions and declining demand. It argues that future conversions to hydrogen or CCUS are unrealistic and that existing fossil plant capacity is sufficient for seasonal flexibility. The document criticizes the top 60 global banks for lacking specific electricity sector policies and calls for a 6:1 financing ratio in favor of sustainable power by 2030.

The document challenges six common arguments used to justify financial support for gas expansion, asserting that new gas projects are incompatible with a 1.5°C warming limit and that global gas demand will peak by 2030.

The document warns against a surge of new LNG terminal projects in Europe triggered by the energy crisis following the Russian invasion of Ukraine. It argues these projects will not solve short-term energy shortages due to construction delays and market constraints, while risking long-term 'carbon lock-in' and increased methane emissions. The author specifically criticizes the opacity of the Le Havre floating terminal project and calls on private financial institutions, including GFANZ members, to implement exclusions for LNG infrastructure to align with 1.5°C warming targets.

The document warns against the proliferation of LNG import terminals in Europe, arguing they will not solve the immediate energy crisis and will create long-term fossil fuel dependency. It calls on private financial institutions to deny funding for these projects to prevent carbon lock-in and mitigate methane emissions.